Why the philanthropy of Bill Gates is not less important than making business
Bill Gates’ philanthropic initiatives cause some discussion that seems even unexpected, with some people claiming that business is in reality more philanthropic than charity, providing means and resources for the advancement of a society’s power and wealth, in the long run making more poor richer, healthier, etc. Kim Priestap (wizbang) writes that “When Bill Gates, Warren Buffett, and the millions of other entrepreneurs around the nation started their businesses and worked to keep them as profitable as possible, they created jobs that provided paychecks for countless numbers of employees and their families, week in and week out for decades. And a job provides freedom and opportunities that charity simply cannot. ”
“Keep in mind, those millions of employees didn’t just earn an income. They learned new skills and gained new competencies that they didn’t have before, which made them eligible for promotions that gave them even larger paychecks or new opportunities in other companies. As these employees earned more money, they sent their kids to college to learn skills and competencies that they, in turn, used to earn an income or open up a business of their own. If they ran their businesses well and earned a profit, they provided jobs that brought paychecks to other people and their families, too. And so goes the cycle of benefits of entrepreneurship in the free market.”
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That’s a great article. The whole site is great and gives unusual perspectives on Bill Gates and his Windows.